Exhibit 10.3
TK INVESTOR RELATIONS
GROUP INC [TK LOGO]
0000 XXXXXXXXX XXXXXX, XXXXXXXXX XXXX XXXX, XXXXXXX, XX 00000
U.S.A. WEBSITE: xxx.xxxxxxxxx.xxx
PROELITE
Attn. Xx. Xxx Xxxxxx
000 Xxxxxx Xxxx
Secaucus, NJ 07094 Rowlett October 4th, 2001
Dear Bob
Following our conversation from yesterday we hereby confirm our Agreement as
follows:
We will raise USD 1,000,000 to cover your operating costs through one of our
investors. The Terms will be negotiated directly or through us. Confidentiality
coverage for both parties is Assumed to be agreed upon.
We will charge 10% commission for this transaction as agreed.
We will also provide you with Investor Relations and promotional work for you
Stock (Symbol XXXX) Starting within the next few weeks.
For the Stock Promotion you will be charged 15% in Free Trading Stock, or cash
for the first 1 Mio shares of buying provided. After that the commission drops
down to 10% and you will be Reimbursed for the 5% additional paid for the first
1 Mio.
We usually charge USD 50,000 as a retainer in order to get started. However we
agreed on a transfer Of 300,000 shares Free trading stock into our account at
Investec Xxxxx out of which 50,000 shares will Be sold immediately to cover part
of the startup costs.
The remaining 250,000 will be as agreed upon partly used to pay for startup
cost up to USD 50,000 The rest will be accounted for against future commission
according to the 15% on the buying provided.
We hereby agree that we will keep you informed on where the first 250,000
shares go, for what it will be used etc. before we will sell or transfer it at
your convenience. We hereby irrevocably agree not to Use the free trading stock
provided as down payment coverage without your consent during the time Of our
agreement.
TK Investor Rotations Group Inc, PROELITE
(Xxxxxxxx X. Xxxxxx, President Xxx Xxxxxx
Dallas October 4th, 2001 Seacaucus October 4th, 2001
/s/ [ILLEGIBLE]
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TEL: (000) 000-0000 FAX: (000) 000-0000 EMAIL: xxxxxxx@xxx.xxx
